Barminco, a subsidiary of Perenti, has secured a three-year contract extension worth A$500 million (US$320 million) at the Agnew Gold Mine in Western Australia. This extension includes an option for a one-year renewal and ensures Barminco’s continued role in delivering underground mining services at the site.
Contract Strengthens Barminco-Gold Fields Partnership
The Agnew Gold Mine, located near Leinster, consists of several underground operations. Barminco has supported the mine since 2010 and employs over 300 workers on-site. The renewed contract, effective from January 1, 2025, includes services such as underground development, production, and other core mining tasks.
Perenti CEO Mark Norwell highlighted the value of this long-term relationship. He stated that Gold Fields remains one of Perenti’s most valued and enduring clients. Maintaining contracts with global miners like Gold Fields helps Barminco deliver steady, long-term earnings.
Agnew Mine Plays Key Role in Regional Gold Output
The mine lies 375 kilometers north of Kalgoorlie in the same gold-rich zone as the St Ives Mine. Gold Fields acquired Agnew in 2001 and now produces over 250,000 ounces of gold each year. Ore is extracted through underground methods and processed via a carbon-in-pulp (CIP) plant.
Gabrielle Iwanow, President of Perenti Contract Mining, praised Barminco’s performance at Agnew. She noted the team’s ability to scale development and production safely and efficiently in recent years. She added that Barminco is proud to support Australia’s mining industry through high-quality underground services.
This deal follows Barminco’s recent win in the United States, where it will provide underground services for the Goldrush project in Nevada. The Agnew contract reaffirms Barminco’s position as a key player in the global underground mining sector.
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